Iron Mountain Incorporated
IRM · Price history
Price at last available close
$115.67
+$4.17 (+3.74%) 1M
2026-10-28
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Company & revenue
About Iron Mountain Incorporated
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Established in 1951, Iron Mountain Incorporated (NYSE: IRM) has become the world's foremost authority in storage and information management solutions. More than 225,000 organizations globally trust Iron Mountain with their critical assets. With an extensive physical infrastructure spanning over 90 million square feet, the company operates approximately 1,450 facilities in around 50 countries.
How they make money
Iron Mountain operates a synergistic business model providing storage and information management services. The company generates revenue primarily through recurring storage rental fees under long-term contracts and service fees for digital transformation, data center colocation, and asset lifecycle management solutions across its global customer base.
Products & services
Physical records management, digital transformation solutions, global data center colocation, and asset lifecycle management services.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
The company has a highly diverse customer base of more than 240,000 customers, with no single customer accounting for more than approximately 3% of revenue during the year ended December 31, 2025.
Suppliers, materials & equipment
- Energy providers — Providers of electricity and utility services required for the operation of global data centers.Source
Strengths
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
19
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
39
Poor
Financial Strength
26
Business Quality / Moat
52
Management
24
Growth Quality
53
Risk / Durability
53
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
18
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
29/100
Building Historical Record
Model Score 29/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
No strong positive signal is being highlighted from the currently available summary data.
- •Severe debt stress
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for IRM
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can IRM maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can IRM fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is IRM's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify IRM's current valuation?
- •What does the current severe debt stress warning mean for the reliability or interpretation of IRM's score?
Essential Investment Snapshot
Wall Street Score
19
Opportunity Score
18
Market Cap
$34.44B
P/E Ratio
79.3
EPS
$1.40
52-Week High
$134.68
52-Week Low
$77.77
Beta
1.20
Intrinsic Value
$41.54
Analyst Target
$142.00
Shares Outstanding
297.8M
Total Revenue
$7.56B
Total Debt
$19.61B
Dividend
No current dividend
Liquidation Value / Share
$-2.99
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for IRM
Detected from reported data — verify before acting.Severe debt stress
Negative shareholder equity • Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on IRM.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Global footprint and operational scale.
- +Strong reputation for security and chain of custody.
Potential downside factors
- −Debt risk (severe): Negative shareholder equity.
- −Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Free cash flow is negative.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
19
Aug 14, 2026
Change
+0.1
points
Current Score
19
Oct 1, 2026
Category Changes
IRM increased 0.1 points because overall fundamentals improved.
Projected Score
Projected Score
16
Projected Change
-3.0 points
Preliminary comparable-period financial changes suggest decline of approximately 3.0 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
OvervaluedCurrent Price
$115.67
Model Intrinsic Value
$41.54
Difference
+$74.13
+178.5% vs IV
Margin of Safety
-178.5%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.56B | $6.90B | $6.15B | $5.48B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $3.46B | $5.13B | $2.70B | $2.36B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $4.10B | $1.77B | $3.45B | $3.12B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $1.45B | $1.39B | $1.34B | $1.24B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $2.68B | $367.9M | $2.44B | $2.20B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $2.51B | $2.08B | $1.91B | $1.62B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $1.42B | $1.41B | $1.01B | $921.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $900.2M | $829.3M | $736.2M | $598.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $504.2M | $211.2M | $244.5M | $227.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $69.7M | $58.9M | $60.9M | $39.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $418.7M | $144.6M | $180.2M | $184.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $1.40 | $0.49 | $0.61 | $0.63 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 298M | 295M | 293M | 292M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 300M | 298M | 296M | 294M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$2.03B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.34
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+9.9%
Cash Change
-6.1%
Margin Change
+7.6 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
What Weakened
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, net income margin. Pressure indicators included EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 18.5%. EPS declined 326.7%. Cash declined 6.1%. Total debt increased 9.9%. Net income margin improved by 7.6 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · IRM
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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